Question

Suppose that the quarterly sales levels among health care information systems companies are approximately normally distribute

0 0
Add a comment Improve this question Transcribed image text
Answer #1

z value at 15% = -1.0364


z = (x - mean)/sigma
-1.0364
= ( x - 9)/1.2

x = 1.2 * -1.0364 +9
x = 7.8

Add a comment
Know the answer?
Add Answer to:
Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Help ASAP Please!! Suppose that the quarterly sales levels among health care information systems companies are...

    Help ASAP Please!! Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 12 million dollars and a standard deviation of 1.3 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 20% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are considered "failures" by...

  • (Normal distribution: Finding a raw score) Suppose that the quarterly sales levels among health care information...

    (Normal distribution: Finding a raw score) Suppose that the quarterly sales levels among health care information systems companies are approximately normally distributed with a mean of 12 million dollars and a standard deviation of 1.2 million dollars. One health care information systems company considers a quarter a "failure" if its sales level that quarter is in the bottom 20% of all quarterly sales levels. Determine the sales level (in millions of dollars) that is the cutoff between quarters that are...

  • The sales budget for your company in the coming year is based on a quarterly growth...

    The sales budget for your company in the coming year is based on a quarterly growth rate of 10 percent with the first-quarter sales projection at $226.1 million. In addition to this basic trend, the seasonal adjustments for the four quarters are 0, -$17.1, -$9.1, and $22.1 million, respectively. Generally, 50 percent of the sales can be collected within the quarter and 40 percent in the following quarter; the rest of the sales are bad debt. The bad debts are...

  • Title: Partners Health Care Systems (PHS): Transforming Health Care Services Delivery through Information Management According to...

    Title: Partners Health Care Systems (PHS): Transforming Health Care Services Delivery through Information Management According to government sources, U.S. expenditures on health care in 2009 reached nearly $2.4 trillion dollars ($2.7 trillion by the end of 2010).[1] Despite this vaunting national level of expenditure on medical treatment, death rates due to preventable errors in the delivery of health services rose to approximately 98,000 deaths in 2009.[2] To address the dual challenges of cost control and quality improvement, some have argued...

  • se Additional Information from 10-K to Explain Linkages Among Financial Statements ommunity Health Systems operates general...

    se Additional Information from 10-K to Explain Linkages Among Financial Statements ommunity Health Systems operates general acute care hospitals in communities across the United State SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS Balance at Acquisitions Bad Balance Beginning and Debt Write at End $ millions of Year Dispositions Expense Offs of Year December 31, 2017, allowance for doubtful accounts $3,660 $(20) $2,962 $(2,848) $3,754 December 31, 2016, allowance for doubtful accounts 3,987 (354) 2,764 (2,736) 3,661 December 31, 2015, allowance for doubtful...

  • P2-3. Use Community Health Systems operates general acute care hospitals in communities company reports the following...

    P2-3. Use Community Health Systems operates general acute care hospitals in communities company reports the following information in Schedule II of its 2015 10-K Additional Information from 10-K to Explain Linkages Among Financial Statemen LO1, 2, 5, 6 Community Heal Systems (CYH) across the United SCHEDULE II-VALUATION AND QUALIFYING ACCOUNTS Balance at Acquisitions Beginning and Bad Debt Write- at End of Year Dispositions Expense Offs of Year $ millions December 31, 2015, allowance for doubtful accounts December 31, 2014, allowance...

  • THE NEED FOR health information management (HIM) professionals in long-term and post-acute care (LT-ÉAC) settings has...

    THE NEED FOR health information management (HIM) professionals in long-term and post-acute care (LT-ÉAC) settings has grown exponentially in the past decade. With the implementation of setting-specific reimbursement models and quality initiatives, the skill sets that HIM professionals bring to the table are invaluable to any healthcare organization. 'Ihey are a source of expertise in data analysis, documentation, privacy and security, quality, compliance, coding, and information systems. Organizations and HIM professionals from the various LTPAC settings have reached out to...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

  • JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per...

    JOHNSON & JOHNSON AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF EARNINGS (Dollars and Shares in Millions Except Per Share Amounts) (Note 1)* 2016 71,890 21,789 50.101 20,067 9.143 29 Sales to customers Cost of products sold Gross profit Selling, marketing and administrative expenses Research and development expense In-process research and development Interest income Interest expense, net of portion capitalized (Note 4) Other (income) expense, net Restructuring (Note 22) Eamings before provision for taxes on income Provision for taxes on income (Note 8)...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT